Orient-Express Hotels Ltd Appoints Roy Paul as Chief Development OfficerBy Orient Express Hotels Ltd, PRNE
Sunday, January 23, 2011
HAMILTON, Bermuda, January 24, 2011 - Orient-Express Hotels Ltd. (NYSE: OEH, www.orient-express.com),
owners or part-owners and managers of 50 luxury hotel, restaurant, tourist
train and river cruise properties in 24 countries, today announced that it
has appointed Roy Paul as Chief Development Officer, effective February 1,
"Roy's appointment to this newly created role signals our clear
commitment to the considered and strategic long-term growth of the Company,"
said Paul White, President and Chief Executive of Orient-Express Hotels.
"Roy's brief is to source acquisitions and management deals for
Orient-Express Hotels as it continues to position itself as the market leader
in luxury experience-based tourism."
Roy Paul said, "Orient-Express is a wonderfully evocative brand
encompassing an intriguing and well crafted portfolio of unique properties
and leisure experiences in outstanding locations. I am looking forward to the
challenge of developing this collection and working with the management team
to create a road-map for the company's future growth."
In a hospitality career spanning 30 years, Mr. Paul has been
involved in the conceiving, evaluating, structuring, planning, development,
operations and asset management of hotels and resorts on a global scale. He
joins Orient-Express Hotels Ltd. from Cedar Capital Partners, an independent
hotel investment firm. Cedar Capital Partners has acquired over EUR850
million worth of hotel assets on behalf of its partners. While at Cedar
Capital Partners, he participated in a number of transactions, including the
sale of the Mandarin Oriental Hotel Prague and the purchase of the Richemond
Hotel in Geneva.
Prior to Cedar Capital Partners, Mr. Paul led the development
function at Four Seasons Hotels & Resorts for over 20 years. When Mr. Paul
joined Four Seasons, his mandate was to transition the North American-focused
operator with 19 properties (99% North America and urban) to a global player
with a mixed portfolio of resorts and urban properties. By 2007, the company
operated 74 hotels in 31 countries and had become recognised as the world's
leading luxury hotel operator. Over 50% of the properties were located
outside of North America and 30% of the portfolio was resort oriented. Mr.
Paul's development leadership led to the establishment of over 50 Four
Seasons properties and entry into 24 new countries.
Contact: Martin O'Grady Vice President, Chief Financial Officer Tel: +44-20-7921-4038 E: firstname.lastname@example.org Vicky Legg Director, Corporate Communications Tel: +44-20-7921-4067 E: email@example.com
Contact: Martin O'Grady, Vice President, Chief Financial Officer, Tel: +44-20-7921-4038, E: martin.ogrady at orient-express.com; Vicky Legg, Director, Corporate Communications, Tel: +44-20-7921-4067, E: vicky.legg at orient-express.com
Tags: Bermuda, Hamilton, January 24, Orient Express Hotels Ltd